Bitcoin has reached an all-time high, surpassing $118,000, fueled by strong institutional investor demand and a general shift towards riskier assets. This surge marks a significant increase from previous levels around $70,000, reflecting a transition in market dynamics akin to traditional Wall Street activities. Analysts suggest that there may still be potential for further gains, with targets set as high as $130,000 ahead of upcoming legislative actions in the crypto space. As the market reacts positively, altcoins also experience rallies, and industry stocks see boosts amid optimism regarding regulatory developments. However, experts caution investors to remain vigilant as profit-taking may occur after this explosive rally.